Metrobank to open 10 more branches in Mindanao

MALAYBALAY CITY (MindaNews/8 April) — The Metropolitan Bank & Trust Company (Metrobank) will open 10 more branches in Mindanao this year, two of them in Bukidnon particularly Malaybalay City and Maramag town.

Linjey Salmasan, Ozamiz branch manager, who will open the branch here later this month, said it will be its 73rd in Mindanao.

So far, Metrobank has only one branch in the province, in Valencia City.

He said the bank will open its branch in Polomolok, South Cotabato ahead of its opening of the Malaybalay branch.

The bank is also set to open a branch in Molave, Zamboanga del Sur, a fifth branch in General Santos City, and five more branches in cities they are yet to disclose.

Salmasan said they opened a branch in Gaisano-Surigao City and Tandag, Surigao del Sur both in December 2013; in Bongao, Tawi-tawi; and Isulan, Sultan Kudarat, both in February 2014.

Mindanao is one of the seven bank regions of Metrobank.

On its website, Metrobank reported consolidated net income of P22.5 billion in 2013, or 46 percent higher than the P15.4 billion earned in 2012. Total resources peaked at P1.38 trillion, a 32-percent increase from the previous year’s P1.05 trillion.

Citing “strong domestic economy”, Metrobank booked P611.1 billion in net loans and receivables, up 16 percent from the previous year, and faster than the 15 percent growth reported in 2012. Demand for credit accelerated consistently across all segments.

Its website said the Metrobank Group is an industry leader with a domestic network spanning 856 branches and close to 2,000 ATMs nationwide. (Walter I. Balane/MindaNews)